Coinbase Global (NASDAQ:COIN) Shares Gap Up – Here’s What Happened

Coinbase Global, Inc. (NASDAQ:COIN) gapped up prior to trading on Friday . The stock had previously closed at $141.09, but opened at $153.70. Coinbase Global shares last traded at $158.7050, with a volume of 6,957,021 shares.

Coinbase Global News Summary

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: After hours buying and momentum trade: traders bought shares after the Q4 release and commentary, driving a sharp rebound from recent lows. Coinbase Stock Shoots Up 15% even as Analysts Slash COIN Price Forecasts after Q4 Miss
• Positive Sentiment: Operational highlights and CEO tone: the shareholder letter and CEO commentary emphasized growing subscriptions, doubling of trading‑volume market share in 2025 and a bullish stance on long‑term opportunity — supporting the “buy the dip” narrative. Coinbase Q4 shareholder letter / businesswire
• Positive Sentiment: Product diversification: Coinbase launched Agentic (AI) wallets and other developer products that expand non‑trading revenue pathways and are being highlighted as proof of execution on diversification. Coinbase unveils crypto wallets designed for AI agents
• Neutral Sentiment: Regulatory engagement: Coinbase executives were named to the CFTC’s Innovation Advisory Committee, which could help shape clearer rules — a long‑term positive but not an immediate revenue driver. CFTC Innovation Advisory Committee includes crypto execs
• Negative Sentiment: Weak Q4 fundamentals: Coinbase reported a $667M net loss, missed revenue and EPS expectations, and showed a sharp decline in transaction revenue as crypto prices sank — core financial reason for analyst cuts and downward pressure. Coinbase swings to surprise loss amid crypto exodus
• Negative Sentiment: Analyst downgrades and price‑target cuts: multiple firms trimmed targets and some downgraded ratings after the Q4 miss — increasing headline volatility and weighing on medium‑term sentiment. Coinbase Price Projections Slashed By Analysts Ahead of Earnings
• Negative Sentiment: Corporate governance / reliability concerns: recent service disruptions and sizable insider stock sales (CEO and CFO) are raising investor scrutiny and add to near‑term risk. Coinbase outage affects users CEO Armstrong sells stock

Analyst Upgrades and Downgrades

COIN has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their target price on shares of Coinbase Global from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday. B. Riley Financial increased their price target on Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Cantor Fitzgerald dropped their target price on Coinbase Global from $277.00 to $221.00 and set an “overweight” rating for the company in a research note on Monday. HC Wainwright reduced their target price on Coinbase Global from $425.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Piper Sandler lowered their price target on Coinbase Global from $270.00 to $150.00 and set a “neutral” rating for the company in a report on Friday. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Coinbase Global has an average rating of “Moderate Buy” and a consensus price target of $296.88.

Coinbase Global Stock Performance

The stock’s 50-day moving average is $226.59 and its 200-day moving average is $286.30. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 14.18 and a beta of 3.70.

Coinbase Global (NASDAQ:COIN) last posted its earnings results on Thursday, February 12th. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $4.68 EPS. The business’s revenue was down 21.6% compared to the same quarter last year. On average, analysts expect that Coinbase Global, Inc. will post 7.22 EPS for the current year.

Insider Activity

In other Coinbase Global news, CFO Alesia J. Haas sold 364,600 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the completion of the sale, the chief financial officer owned 402,165 shares of the company’s stock, valued at $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $250.27, for a total transaction of $344,121.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 672,498 shares of company stock worth $137,109,701. 16.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COIN. Bessemer Group Inc. boosted its holdings in shares of Coinbase Global by 672.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,166 shares of the cryptocurrency exchange’s stock valued at $408,000 after acquiring an additional 1,015 shares during the last quarter. SP Asset Management LLC purchased a new stake in shares of Coinbase Global in the 2nd quarter worth $360,000. New York Life Investment Management LLC lifted its position in Coinbase Global by 890.8% during the second quarter. New York Life Investment Management LLC now owns 31,479 shares of the cryptocurrency exchange’s stock valued at $11,033,000 after purchasing an additional 28,302 shares in the last quarter. Atria Investments Inc purchased a new position in Coinbase Global during the second quarter valued at approximately $1,137,000. Finally, FengHe Fund Management Pte. Ltd. raised its position in shares of Coinbase Global by 119.1% during the 3rd quarter. FengHe Fund Management Pte. Ltd. now owns 69,900 shares of the cryptocurrency exchange’s stock valued at $23,591,000 after purchasing an additional 38,000 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.

About Coinbase Global

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.